A share price of Etsy Inc [ETSY] is currently trading at $51.44, up 7.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETSY shares have gain 5.78% over the last week, with a monthly amount drifted -0.77%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Goldman downgraded its rating to Sell on October 15, 2024, and dropped its price target to $45. On September 05, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $50 on the stock. Oppenheimer downgraded its rating to a Perform. In a note dated May 02, 2024, Loop Capital downgraded an Sell rating on this stock and revised its target price from $70 to $50.
Etsy Inc experienced fluctuations in its stock price throughout the past year between $47.10 and $89.58. Currently, Wall Street analysts expect the stock to reach $101.26 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $51.44 at the most recent close of the market. An investor can expect a potential return of 96.85% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
Trailing Twelve Months sales for Etsy Inc [NASDAQ:ETSY] were 2.77B which represents 3.01% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is -0.43 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.70 points at the first support level, and at 47.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.33, and for the 2nd resistance point, it is at 57.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Etsy Inc [NASDAQ:ETSY] is 2.41. On the other hand, the Quick Ratio is 2.41, and the Cash Ratio is 1.48. Considering the valuation of this stock, the price to sales ratio is 2.13 and price to earnings (TTM) ratio is 23.90.
Transactions by insiders
Recent insider trading involved Nadal Toni Thompson, CHIEF HUMAN RESOURCES OFFICER, that happened on Oct 03 ’24 when 1443.0 shares were sold. CHIEF PRODUCT OFFICER, Daniel Nicholas completed a deal on Oct 01 ’24 to sell 750.0 shares. Meanwhile, CHIEF ACCOUNTING OFFICER Buckley Merilee sold 1676.0 shares on Oct 03 ’24.
